The typical owner-occupied home in Moores Hill is worth about $143,800, 34% below the Indiana median of $218,200 and 57% below the national median of $332,700. Owners pay a median $1,110 a year in property taxes, about 0.77% of their home's value, close to the Indiana rate of 0.74%. The median household earns $68,750 a year, so the median home costs 2.1 times the median income (3.0 times for Indiana). 90% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Moores Hill at a glance
| Moores Hill | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $143,800 | $218,200 | $332,700 |
| Median property tax paid per year | $1,110 | $1,614 | $3,119 |
| Property tax as a share of value | 0.77% | 0.74% | 0.94% |
| Median household income | $68,750 | $71,957 | $80,734 |
| Homes lived in by their owners | 90% | 71% | 65% |
| Owner homes with a mortgage | 62% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,084 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 21.8% | 18.1% | 21.0% |
| Median rent | $1,192 | $1,062 | $1,413 |
| Rent as a share of renters' income | 19.0% | 29.1% | 30.6% |
| Median year homes were built | 1965 | 1976 | 1980 |
| Vacant homes | 10.7% | 8.8% | 10.1% |
| Population | 629 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Moores Hill
At this week's average 30-year rate of 7.11%, buying the median Moores Hill home of $143,800 with 20% down costs about $926 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,166, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $39,689 for the 20%-down payment. That payment is 16% of the median Moores Hill household income of $68,750; at that income and 20% down, the 28% guideline points to a home of about $249,000.
The median rent here is $1,192 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $28,760 |
|---|---|
| Loan amount | $115,040 |
| Principal and interest | $774 |
| Property taxes (0.77% a year) | $92 |
| Homeowners insurance (our estimate, 0.5% a year) | $60 |
| PMI | $0 |
| Total per month | $926 |
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| Down payment | $5,033 |
|---|---|
| Loan amount | $141,195 |
| Principal and interest | $950 |
| Property taxes (0.77% a year) | $92 |
| Homeowners insurance (our estimate, 0.5% a year) | $60 |
| FHA mortgage insurance | $64 |
| Total per month | $1,166 |
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Questions about home buying in Moores Hill
What is the median home value in Moores Hill?
About $143,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Moores Hill?
Homeowners pay a median $1,110 a year, which is about 0.77% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Moores Hill?
For the median home with 20% down at 7.11%, the payment is about $926 a month. Keeping that under 28% of gross income takes about $39,689 a year.
More about Moores Hill
- Mortgage Refinance in Moores Hill
- Debt Relief in Moores Hill
- Home Equity Loans in Moores Hill
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data